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Is the Electric Vehicle Panacea Crashing in California and America?

Is the Electric Vehicle Panacea Crashing in California and America?

The idea that the panacea of electric vehicles will end “climate change” may have finally crashed into the wall of reality.

Transportation Secretary Pete Buttigieg was interviewed on May 26 by host Margaret Brennan on “Face the Nation.” The full interview is on YouTube. Ms. Brennan is the most informative and objective of interviewers in the mainstream media.
Although “Mayor Pete,” as he came to be known, was merely the mayor of South Bend, Indiana, population 103,000, in 2020, he won the Iowa caucuses, briefly gaining national attention. He previously worked at McKinsey & Co., which hires really smart people to consult for corporate clients. According to Mr. Buttigieg, his work “consisted of doing mathematical analysis, conducting research, and preparing presentations” on studies for clients. That means he’s one of the smarter people in the Biden administration.

At 9 minutes and 30 seconds, Ms. Brennan said, “Donald Trump repeatedly talks about President Biden’s decision to force the industry toward making 56 percent of car batteries electric by 2032, 13 percent hybrid.” She then played a video of President Trump at a rally in New Jersey.

“We’re spending hundreds of billions of dollars subsidizing a car that nobody wants and nobody’s ever going to buy,” President Trump said.

Then she continued, “He’s not wrong—”

“Oh, he’s wrong,” Mr. Buttigieg interrupted.

Ms. Brennan continued, “—on the purchasing. He’s not. Of the 4 million vehicles purchased, you know, what, 269,000 electric vehicles were sold in the U.S. market.”

And the electric portion is just 6.7 percent of the total. She didn’t mention the time period, but Cox Automotive ran the numbers, and it’s the first quarter of 2024.
…click on the above link to read the rest of the article…

Ford’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible

Ford’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible

So much for California’s mandate that “all new passenger cars, trucks, and SUVs sold in California will be zero-emission vehicles by 2035,” according to the California Air Resources Board. It imposed the mandate at the request of Gov. Gavin Newsom.
On April 24, Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”

The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses.

Californians bought 1.78 million new vehicles in 2023, reported the California New Car Dealers Association. Multiply that number by $132,000 and you get $235 billion. That would bankrupt every car manufacturer, meaning they just would pull out of selling anything in the state.
The California government would have to set up socialist, government-owned companies to make the cars, like the infamous Yugo. Dubbed “the worst car in history,” it was sold in America in the 1980s and was made by the communist Yugoslav government just before the country itself broke up in 1991.

Battery Problems

The Epoch Times also reported that same day, April 24, “Ford Recalling More Than 55,000 SUVs and Trucks in Canada Over Battery Issues.” The Transport Canada notice read, “A sudden loss of power to the wheels or a vehicle that doesn’t restart after a start-stop event could increase the risk of a crash. Additionally, hazard lamps that don’t work could make the vehicle less visible and increase the risk of a crash.”

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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